NAPERVILLE, IL-Wanxiang America Real Estate Group LLC, a Chinesecapital backed realty investment company, has acquired an empty330,000-square-foot tower at 1200 Warrenville Rd. in Naperville for$9 million.
The firm plans to renovate the four-story tower completely byinvesting $47 million, which includes the cost of acquisition. Thisdeal is the third massive deal in the west suburban office marketin less than three months, which indicates an improvement in theinvestor buying activity. For the full story, go toCrain's Chicago Business.
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
